Lowes fund comes ashore

Lowes fund comes ashore

Lowes Financial Management has brought its multi-asset fund of funds onshore to widen its availability to intermediaries and self-directed investors.

The RHFS Diversified Strategy fund was launched in 2010 as a Jersey-domiciled open-ended investment company, but has now been moved onshore to give it broader market appeal.

Lowes Financial Management managing director Ian Lowes said: “Investors and advisers will find this fund truly multi-asset in its nature, and in tandem with the Lowes ethos of investing, it aims to make consistent capital returns over the long-term.”

Key features

The fund is managed by Lowes’ senior investment team of Doug Millward and Paul Milburn

It has no specific limits on exposures to any asset class, geographic area, industry or economic sectors

In terms of equities, the fund currently has its largest exposure to international equities at 54.5 per cent of the portfolio

It is currently £5m in size

Adviser view

Alistair Cunningham, a financial adviser with Surrey-based Wingate Financial Planning, said “The market is absolutely saturated with multi-asset funds, which means any negative factor is likely to discount it. And I would say being off-shore is a negative because it adds another layer of complexity.”

Email: damian.fantato@ft.com